Before the NFL season, there was plenty of hype surrounding the Chicago Bears. Their Super Bowl odds opened around 100-1 at sportsbooks, but those odds were cut in half before Week 1. And bettors were all over Justin Fields to win NFL MVP. It’s a good reminder that bookmakers know their stuff, though.
Here is a quote from that piece on August 1:
“Those awards are predicated on team success and the Bears have a lot of work to do,” Adam Pullen, assistant director of trading at Caesars Sportsbook, said. “Stranger things have happened and people are bullish on the Bears.”
Fast forward to Week 3, and the season so far can’t have gone much worse for the Chicago Bears. They are 0-3, haven’t covered the spread in any game, fired their defensive coordinator this week, Justin Fields blamed “coaching” for their poor start and they had $100,000 of maintenance equipment stolen from Solider Field.
Plus, they’re coming off of a 41-10 loss to the Kansas City Chiefs that wasn’t as close as the score. Fields has a QBR of 21.5 (34th in the NFL) and has 3 TDs and 4 INTs this season. The Bears are currently 200-1 to win the Super Bowl at DraftKings Sportsbook.
But the cherry on top may be that the Bears opened as 3-point home underdogs against the Denver Broncos in Week 4. Yes, that Broncos team that just lost 70-20 to the Miami Dolphins. Yes, they gave up 70 points — not a typo.
That means that oddsmakers still have the Bears power-rated below that lowly Broncos team, which also sits at 0-3 straight up and against the spread.
The good news is that it’s a good 2024 NFL Draft for quarterbacks. The bad news is it might be another long winter in Chicago for Bears fans.